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Mar 26

Trend Following Update – Exiting Short Crude Oil

We mentioned in our weekly review of open positions the frustration of having a position go against us from the very beginning, and so it continued with our short position in crude this week, finally giving us an exit signal tonight after an impressive 3-day thrust to 5-week highs. We’ve covered our position at the open of the overnight session for a loss of $4,400 per contract.

Short Crude Oil ($CL_F) 3/8 -$4,400.00 per contract

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This leaves us with just 4 open positions as follows:-

Long S&P 500 ($ES_F) 1/28 +$3,362.50 per contract

Long Dollar ($DX_F) 2/25 +$1,065.00 per contract

Short Japanese Yen ($6J_F) 11/21 +$21,112.50 per contract

Short Sterling ($6B_F) 1/24 +$4,112.50 per contract

 

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